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UK’s North Sea – Job losses raise skills and safety concerns
Cost-cutting in Britain’s North Sea oil and gas sector could lead to more acute skills shortages in future, industry experts have warned, with some expressing concerns that safety could be compromised. A plunge in crude prices over the last 12 months has prompted oil majors such as Royal Dutch Shell, BP , Chevron and ConocoPhillips … Continue reading
Gap – To cut 250 jobs at headquarters
Apparel retailer Gap Inc said it would close 175 Gap stores in North America, including 140 this year, and cut about 250 jobs at its headquarters. The company has been struggling with a persistent slump in sales at its namesake brand. Chosen excerpts by Job Market Monitor. Read the whole story at REFILE-Gap to close 175 stores, … Continue reading
India – A new govn’t online employment portal
In line with Prime Minister Narendra Modi’s “Digital India” programme, the government on Monday launched a digital employment exchange that will enable industrial enterprises to find suitable workers and job-seekers to find employment. The government initiative is aimed at strengthening communication between stakeholders and improving efficiencies in service delivery in the micro, small and medium … Continue reading
Statoil Cutting up to 1,500 Permanent Jobs – WSJ
Norway’s Statoil launched the next phase of its efficiency program on Tuesday, announcing it would cut between 1,100 and 1,500 permanent employees by the end of 2016 as it looks to increase efficiency and strengthen competitiveness. The oil and gas major said a further 525 consultant positions will also be cut, while additional changes … Continue reading
Prince Edward Island – Immigration not enough
Immigration has slowed the rate of aging of the P.E.I. population over the last five years, but it is still likely that 50 per cent of the population will be older than 45 by 2019. The good news is that this means the unemployment rate is likely to fall dramatically over the next decade, as … Continue reading
Bangladesh – Where is the demographic dividend ?
In Bangladesh, the proportion of the population at or below working age is among the highest in the world and almost a third of the population is between ages 15-30. A young population means a young workforce full of innovation and productivity. However, youth unemployment in Bangladesh remains a festering wound to the economy — … Continue reading
The skills gap in US – How companies can fill it
The labor market, meanwhile, has steadily bifurcated, with menial low-wage jobs on one end and high-skill, high-wage careers on the other. Technology and competition from emerging markets have undermined those in the middle. Yet at the same time, there’s a skills gap: in the US, nearly two-thirds of companies report having positions for which they … Continue reading
HSBC – To cut 50,000 jobs
HSBC (HSBA.L) pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire. Chief Executive Stuart Gulliver has made it his mission to boost profits since taking the helm of Europe’s … Continue reading
Skills Gap in Georgia – Many firms complain about the quality of workforce education
Many firms in Georgia complain about the quality of workforce education, especially technical and vocational, which is one indicator of a skills gap. Roughly, one firm in five sees workforce education as a major or severe problem. To put this figure into context, workforce education is deemed by a bigger problem than other labor related … Continue reading
China – A “Jingying” (elite) job-search platform
Market leader 51Jobs.com is investing heavily in a new aggressive strategy. In February, presumably in an attempt to move into the area of executive recruiting, it launched the beta version of 51JingYing.com, a job-search platform that targets the higher end of the recruitment spectrum and provides a platform to connect headhunters and more experienced workers. … Continue reading
Nigeria – Unemployment to 7.5% (from 6,4%)
The National Bureau of Statistics, NBS, has disclosed that the nation’s unemployment rate has jumped to 7.5% in the first quarter of the year 2015 compared to 6.4% in the fourth quarter of 2014. This was contained in a report made available to journalists over the weekend. NBS explained that the number of unemployed persons … Continue reading
US Job Report for May – Total nonfarm payroll employment increased by 280,000 and
Total nonfarm payroll employment increased by 280,000 in May, and the unemployment rate was essentially unchanged at 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, leisure and hospitality, and health care. Mining employment continued to decline. Household Survey Data In May, both the unemployment rate … Continue reading
Canada Job Report for May – Employment increased by 59,000
Employment increased by 59,000 in May, driven by gains in the number of private sector employees. The number of people participating in the labour market also rose in May, leaving the unemployment rate unchanged at 6.8% for the fourth consecutive month. Since the beginning of 2015, employment gains have averaged 20,500 per month. In the 12 months to May, employment increased by 192,000 (+1.1%), the … Continue reading
Workers Wages in US – Wage growth trailed the prerecession pace in two-thirds of cities where the Jobs Gap is closed
A Wall Street Journal analysis of Labor Department data points to persistent constraints on worker pay, even as the economy approaches full employment. The Journal found 33 U.S. metropolitan areas—from the small to the sizable—where unemployment rates and nonfarm payrolls last year returned to prerecession levels. In two-thirds of those cities—including Columbus; Houston; Oklahoma City; … Continue reading
Unemployment rate in Pakistan – At 13 year high
According to Pakistan Bureau of Statistics (PSB), unemployed people have been increased to 1.5 million since Nawaz Sharif has assumed the office in 2013. The current unemployment rate is higher than the fiscal year 2002. During the last year of Musharraf’s tenure, unemployment rate was 5.2% that rose to 6.2% in 2013 in the end … Continue reading
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